Renaissance Technologies LLC Purchases 2,176 Shares of Union Bankshares, Inc. (NASDAQ:UNB)

Renaissance Technologies LLC raised its position in shares of Union Bankshares, Inc. (NASDAQ:UNB) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,708 shares of the bank’s stock after acquiring an additional 2,176 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of Union Bankshares worth $541,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC boosted its stake in Union Bankshares by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 40,503 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors own 14.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Union Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd.

Union Bankshares Price Performance

Shares of Union Bankshares stock opened at $33.90 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market cap of $153.87 million, a PE ratio of 17.47 and a beta of 0.57. The firm has a fifty day moving average price of $30.42 and a two-hundred day moving average price of $30.85. Union Bankshares, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $37.70.

Union Bankshares (NASDAQ:UNB) last released its earnings results on Wednesday, April 16th. The bank reported $0.55 earnings per share for the quarter. The business had revenue of $12.70 million for the quarter. Union Bankshares had a return on equity of 13.09% and a net margin of 11.74%.

Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Saturday, April 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, April 25th. Union Bankshares’s dividend payout ratio is presently 73.47%.

About Union Bankshares

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.